Australia has reported a record trade surplus with China in May, as iron ore exports continued to reach new highs despite ongoing trade and political tensions between the two countries. China accounted for 39% of Australia’s total exports of A$42.23 billion in May, according to data...
Australia is projected to earn A$136 billion from iron ore exports during this financial year, as global steelmaking activity rebounds from a COVID-led downturn. A report released by the Australian government on Monday showed that the country’s most valuable economic export is expected to earn more...
Peak industry body Shipping Australia has labelled a decision to impose a new A$13,450 fee on every major iron ore export at Port Hedland in Western Australia as a ‘breathtakingly outrageous charge’. The Pilbara Ports Authority will bring in the export charge in March to fund...
Australia’s trade minister has welcomed potential changes to China’s inspection procedures and rules relating to iron ore shipments, a move which has been described as ‘another implicit warning to Australia’ by a Chinese research fellow. China’s customs authorities issued a notice over new supervising rules taking...